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Hercules Capital, Inc. HTGC | NYSE

$16.81 -$0.16 | -0.94%
SIGNAL:Signal available — unlock to view |2026-09-24 |F&G 38 |RSI 40.2

Company Overview:

Market Cap: $3.15B
Trailing PE: 8.4x
FWD PE *: 8.8x
Payout Ratio (TTM): 87.9%
52-Week Range: $13.70 - $19.13

* Forward PE is based on street estimates.

10 Year HTGC Performance Metrics:

Total Return (with DRIP): 196.4% (11.48% CAGR)
Total Return (no DRIP): 119.0% (8.15% CAGR)
Share Price: 24.0% (2.17% CAGR)
Yield on Cost (with DRIP): 33.14%
Total Invested: $10,000
Total Value (with DRIP): $29,635
Total Return $ (with DRIP): $19,635
Dividend Increase: 51.6% (4.36% CAGR)
Dividend Yield (FWD): 11.18% ($1.88)
HTGC 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
HTGC Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
HTGC Price CAGR:1Y: -11.11%2Y: -7.48%5Y: 0.24%10Y: 2.17%
HTGC Dividend Charts
HTGC - Dividends
HTGC Dividend CAGR:1Y: 0.00%2Y: 142.38%5Y: 3.80%10Y: 4.25%
HTGC - Dividend Payout Ratio
HTGC Dividend Payout Ratio CAGR:1Y: -35.33%2Y: -39.63%5Y: 4.38%10Y: -11.95%
HTGC - Dividend to Free Cash Flow Ratio
HTGC Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: -43.71%5Y: -24.20%10Y: -40.45%

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HTGC Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

HTGC - Revenue
HTGC Revenue CAGR:1Y: 23.99%2Y: 15.21%5Y: 9.43%10Y: 21.76%
HTGC - Earnings Per Share (EPS)
HTGC EPS CAGR:1Y: 55.81%2Y: 63.71%5Y: 0.61%10Y: 17.82%
HTGC - Net Income
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HTGC Net Income CAGR:1Y: 65.02%2Y: 76.37%5Y: 9.49%10Y: 29.96%
HTGC - EBITDA
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HTGC EBITDA CAGR:1Y: 100.58%2Y: 23.43%5Y: 10.23%10Y: 24.94%
HTGC - Free Cash Flow
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HTGC Free Cash Flow CAGR:1Y: 0.00%2Y: 89.14%5Y: 50.78%10Y: 92.16%
HTGC - Free Cash Flow / Share
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HTGC Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 76.06%5Y: 36.94%10Y: 74.99%
HTGC - Operating Income
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HTGC Operating Income CAGR:1Y: 100.68%2Y: 61.08%5Y: 41.91%10Y: 23.34%
HTGC - Gross Profit
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HTGC Gross Profit CAGR:1Y: 46.74%2Y: 14.70%5Y: 10.68%10Y: 24.81%
HTGC - Shares Outstanding
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HTGC Shares Outstanding CAGR:1Y: 4.61%2Y: 11.23%5Y: 9.02%10Y: 10.62%
HTGC - Share Buybacks
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HTGC Share Buybacks CAGR:1Y: -20.18%2Y: -23.41%5Y: 44.95%10Y: 2.82%
HTGC - Stock-Based Comp
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HTGC Stock-Based Comp CAGR:1Y: 6.90%2Y: 8.74%5Y: 6.20%10Y: 9.28%
HTGC - Expenses
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HTGC Expenses CAGR:1Y: 0.00%2Y: -77.58%5Y: 0.00%10Y: 0.00%
HTGC - Revenue vs Net Income
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HTGC - EPS vs FCF / Share
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HTGC - EPS vs PE Ratio
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HTGC - FCF vs FCF / Share
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HTGC - FCF vs Stock Based Comp
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HTGC - Cash & Debt
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Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

HTGC - REVENUE: Actual + Estimates
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HTGC Actual Revenue CAGR:1Y: 23.99%2Y: 15.21%5Y: 9.43%10Y: 21.76%
HTGC - EPS: Actual + Estimates
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HTGC Actual EPS CAGR:1Y: 55.81%2Y: 63.71%5Y: 0.61%10Y: 17.82%
HTGC - NET INCOME: Actual + Estimates
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HTGC Actual Net Income CAGR:1Y: 65.02%2Y: 76.37%5Y: 9.49%10Y: 29.96%
HTGC - EBITDA: Actual + Estimates
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HTGC Actual EBITDA CAGR:1Y: 100.58%2Y: 23.43%5Y: 10.23%10Y: 24.94%

Ratios, Profit Margins & Return on Capital:

HTGC - Net Profit Margin
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HTGC Net Profit Margin CAGR:1Y: 34.31%2Y: 53.79%5Y: 0.24%10Y: 6.82%
HTGC - Gross Profit Margin
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HTGC Gross Profit Margin CAGR:1Y: 19.44%2Y: 0.02%5Y: 1.33%10Y: 2.59%
HTGC - Price to Earnings
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HTGC Price to Earnings CAGR:1Y: -45.77%2Y: -46.60%5Y: -0.96%10Y: -13.44%
HTGC - Price To Sales Ratio
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HTGC Price To Sales Ratio CAGR:1Y: -26.33%2Y: -17.98%5Y: -0.78%10Y: -7.55%
HTGC - Return on Capital Employed
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HTGC Return on Capital Employed CAGR:1Y: 106.65%2Y: 53.71%5Y: 29.82%10Y: 10.84%
HTGC - Return on Invested Capital
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HTGC Return on Invested Capital CAGR:1Y: 81.25%2Y: -81.86%5Y: 81.88%10Y: 6.70%

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HTGC Dividends Info:

Annual Dividend: $1.88
Forward Yield: 11.18%
Ex-Dividend Date: 2026-08-11
Lifetime Dividends / Share: $25.13

HTGC Dividend History: Dates, Payments & Yield list

Below is a schedule of all HTGC dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date Payment Date Amount Yield Forward Yield Price on Ex-Date
08/11/202608/13/2026$0.47011.28%11.1%$16.93
05/14/202605/18/2026$0.47012.13%12.21%$15.40
02/25/202602/27/2026$0.47012.44%13.23%$14.21
11/12/202511/14/2025$0.47010.62%10.7%$17.57
08/12/202508/14/2025$0.4709.77%9.72%$19.35
05/13/202505/15/2025$0.47010.62%10.68%$17.60
02/26/202502/28/2025$0.0701.36%1.34%$20.91
11/13/202411/15/2024$0.0801.67%1.69%$18.92
08/13/202408/15/2024$0.0801.79%1.72%$18.60
05/13/202405/15/2024$0.0801.68%1.68%$19.09
02/27/202402/29/2024$0.0801.76%1.77%$18.06
11/14/202311/16/2023$0.0802.03%2.05%$15.59
08/17/202308/21/2023$0.48011.76%11.59%$16.56
05/15/202305/17/2023$0.0802.4%2.39%$13.39
03/01/202303/03/2023$0.0802.1%2.1%$15.26
11/09/202211/17/2022$0.51014.56%14.42%$14.15
08/08/202208/16/2022$0.50013.11%12.85%$15.56
05/16/202205/24/2022$0.48012.71%14.05%$13.67
03/08/202203/16/2022$0.48011.29%11.21%$17.12
11/09/202111/17/2021$0.4009.23%9.45%$16.94
08/10/202108/18/2021$0.3909.1%9.19%$16.98
05/11/202105/19/2021$0.3909.3%9.2%$16.95
03/05/202103/15/2021$0.3709.6%8.92%$16.60
11/06/202011/16/2020$0.34011.93%10.55%$12.89
08/07/202008/17/2020$0.32011.01%11.15%$11.48
05/13/202005/21/2020$0.32012.89%11.49%$11.14
02/28/202003/09/2020$0.40012.12%12.76%$12.54
11/07/201911/18/2019$0.35010.11%9.88%$14.17
08/09/201908/19/2019$0.34010.58%10.41%$13.07
05/10/201905/20/2019$0.3309.84%9.87%$13.37
03/01/201903/11/2019$0.3109.25%9.3%$13.34
11/08/201811/19/2018$0.33010.7%10.79%$12.23
08/10/201808/20/2018$0.3109.23%9.12%$13.60
05/11/201805/21/2018$0.3109.93%9.91%$12.51
03/02/201803/12/2018$0.31010.4%10.12%$12.25
11/10/201711/20/2017$0.3109.21%9.06%$13.69
08/10/201708/21/2017$0.3109.73%9.94%$12.48
05/11/201705/22/2017$0.3109.68%9.35%$13.26
03/02/201703/13/2017$0.3108.43%8.35%$14.85
11/09/201611/21/2016$0.3109.35%9.04%$13.71
08/11/201608/22/2016$0.3109.05%8.91%$13.91
05/12/201605/23/2016$0.31010.39%10.26%$12.08
03/03/201603/14/2016$0.31011.02%10.8%$11.48
11/12/201511/23/2015$0.31011.28%11.1%$11.17
08/13/201508/24/2015$0.31010.49%11.43%$10.85
05/14/201505/25/2015$0.3109.78%9.66%$12.84
03/10/201503/19/2015$0.3108.84%9.08%$13.65
11/13/201411/24/2014$0.3107.99%7.97%$15.56
08/14/201408/25/2014$0.3107.9%8.18%$15.15
05/08/201405/19/2014$0.3108.87%8.67%$14.31
03/06/201403/17/2014$0.3108.2%8.36%$14.84
11/14/201311/25/2013$0.3107.51%7.27%$17.05
08/09/201308/20/2013$0.2807.7%7.55%$14.83
05/10/201305/21/2013$0.2708.23%8.04%$13.44
03/07/201303/19/2013$0.2507.99%8.21%$12.18
11/09/201211/21/2012$0.2409.55%9.09%$10.56
08/15/201208/24/2012$0.2408.58%8.47%$11.34
05/16/201205/25/2012$0.2408.79%9.11%$10.54
03/08/201203/15/2012$0.2308.58%8.59%$10.71
11/09/201111/29/2011$0.2209.77%9.92%$8.87
08/11/201109/15/2011$0.2209.97%9.4%$9.36
05/11/201106/23/2011$0.2208.48%8.54%$10.30
03/08/201103/24/2011$0.2207.78%8.11%$10.85
11/08/201012/17/2010$0.2007.39%7.92%$10.10
08/10/201009/17/2010$0.2007.93%8.16%$9.80
05/10/201006/18/2010$0.2008.47%8.5%$9.41
02/17/201003/19/2010$0.2008.73%7.55%$10.60
12/22/200912/30/2009$0.0401.55%1.52%$10.54
10/16/200911/23/2009$0.30011.46%11.94%$10.05
08/12/200909/14/2009$0.30012.67%12.38%$9.69
05/13/200906/15/2009$0.30014.8%14.93%$8.04
02/19/200903/30/2009$0.32030.84%27.77%$4.61
11/12/200812/15/2008$0.34021.66%18.71%$7.27
08/13/200809/15/2008$0.34013.17%13.88%$9.80
05/14/200806/16/2008$0.34013.49%12.96%$10.49
02/13/200803/17/2008$0.3009.84%10.69%$11.23
11/14/200712/17/2007$0.30010.03%10.64%$11.28
08/14/200709/17/2007$0.3009.63%9.89%$12.13
05/14/200706/18/2007$0.3008.44%8.65%$13.88
02/14/200703/19/2007$0.3008.57%9.06%$13.25
11/02/200612/01/2006$0.3009.02%8.86%$13.55
07/27/200608/28/2006$0.30010.32%10.09%$11.89
04/06/200605/05/2006$0.30010.67%9.84%$12.19
01/04/200601/27/2006$0.30010.27%10.91%$11.00
10/28/200511/17/2005$0.0250.91%0.89%$11.26

Projected Future Returns & Dividends for HTGC

Based on past 10-year performance, here are HTGC growth metrics:

Share price CAGR of +2.17%
Dividend CAGR of +4.26%

Using HTGC CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

HTGC (DRIP)HTGC - No DRIP
Current Price$16.81$16.81
Start Shares594.88594.88
Start Value$10,000$10,000
  
After 10 years:
Final Share Count1,992.12594.88
Dividends Payment$0.71$0.71
Annual Dividends$5,684$1,697
Yield on cost56.84%16.97%
Share Price$20.84$20.84
Total Dividends$26,555$13,591
Final Value$41,514$25,988

Estimated Future Value + Dividends - HTGC

NOTE: Above numbers are our estimate based on HTGC's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Hercules Capital, Inc. (HTGC) had its IPO on 2005-06-09, and is traded on NYSE stock exchange.

Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, SaaS Finance, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels, and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, drug platform, development, and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. Within sustainable and renewables, it invests in Vehicle Technology, Energy Generation and Storage, Ag Technology, Advanced Materials, and Industry 4.0. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest, particularly in the areas of software, biotech, and information services. The firm prefers to invest between $5 million and $500 million in equity per transactions. It invests in debt between $1 million and $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in San Mateo, California with additional offices in North America and Europe.

HTGC website: https://www.htgc.com


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DCF Model — HTGC

Value from:
Pay up to today
—
vs current price $16.81
—
Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →